Private LTE Market Growth Rate SWOT Analysis, Industry Share 2022, Size, and Forecast Till 2027
Global Private LTE Market Overview: According to the latest report by IMARC Group, titled “Private LTE Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” the global private LTE market reached a value of US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2027, exhibiting at a CAGR of 12.90% during 2022-2027. Private Long-Term Evolution (LTE) represents a cellular network system that provides individual network services independent of the carrier. It comprises of various components, such as hardware, mobile core software, Subscriber Identification Module (SIM) cards, etc. Private LTE uses localized micro towers and…